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SNDK Stock Falls 7% as Weak SanDisk Q1 Guidance Offsets Strong Q4 and $14B Buyback Plan
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after the company reported better-than-expected fiscal fourth-quarter earnings, as investors focused on a softer revenue outlook for the current quarter.
Despite record revenue growth, expanding data center sales, and a larger share repurchase program, forward guidance came in below Wall Street expectations and weighed on sentiment.
Analysts also pointed to moderating pricing trends and lower gross margin guidance as factors that limited the market's reaction to the strong quarterly performance.
SanDisk Beats Q4 Estimates but Q1 Outlook Misses Expectationsfiscal fourth-quarter revenue of $8.97 billion, exceeding analyst estimates of $8.39 billion.
The company forecast fiscal first-quarter revenue between $10.3 billion and $10.8 billion.